Michael Moore Kills Capitalism With Kool-Aid

[ambienCR]

Quote from sprstpd:

So how do you explain the fact that the lack of regulations led to the almost total collapse of the financial system?

that is not a fact, it is a lie.

you believe anything THEY tell you, why?

 

[sprstpd]

Quote from ambienCR:

that is not a fact, it is a lie.

you believe anything THEY tell you, why?

Maybe you should watch this:

http://www.pbs.org/wgbh/pages/frontline/warning/

 

[ambienCR]

Quote from sprstpd:

Maybe you should watch this:

http://www.pbs.org/wgbh/pages/frontline/warning/

My info is direct from the source, not journalists trying to sell stories. Perhaps you should check your sources.

 

[sprstpd]

Quote from ambienCR:

My info is direct from the source, not journalists trying to sell stories. Perhaps you should check your sources.

Oh please do tell your sources! You sound very knowledgeable!

 

[timcar]

Best part of PBS show:

When Greenspan say yes we could have used a little regulation in our Capitalist economy.

 

[Trend Following]

Quote from sprstpd:

So how do you explain the fact that the lack of regulations led to the almost total collapse of the financial system?

A massive "bubble" along many fronts played a huge role. That is about people and human behavior. Regulations don't stop bubbles.

 

[Fractal]

Quote from Trend Following:

A massive "bubble" along many fronts played a huge role. That is about people and human behavior. Regulations don't stop bubbles.

Regulation affects the way assets can be leveraged and the amount of capital required to be held on balance sheets. Regulation can also affect how systemic the effects of a collapse are. Over-leveraging and securitization were two critical ingredients that caused this bubble to inflate wildly and affect parties that were not participating in speculation.

Part of the reason we have a government is to provide a means to control something ideologues never seem to think exist: negative externalities. It may do so consistently, but to pretend that all this was due to a an asset bubble is laughable.

 

[Trend Following]

Quote from Fractal:

...but to pretend that all this was due to a an asset bubble is laughable.

"All" was your word, but it is laughable that you think regulation can stop human behavior.

<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/1fuDDqU6n4o&hl=en&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/1fuDDqU6n4o&hl=en&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>

 

[Trend Following]

Quote from sprstpd:

Maybe you should watch this:

http://www.pbs.org/wgbh/pages/frontline/warning/

That was good piece.

 

[Fractal]

Quote from Trend Following:

"All" was your word, but it is laughable that you think regulation can stop human behavior.

And the strawman that regulation could stop human behavior was yours. I'll make it easier for you: regulation can affect capital cushions, leverage, and systemic risk to some extent.